Several questions about the U.S. deal to develop vast Venezuelan oil reserves remain unanswered, and a rapid and large-scale increase in production is unlikely. But experts say increased exports from Venezuela "would compete directly with Canadian crude in the U.S. Gulf Coast market."
Trump's Venezuelan oil deal: What we know and how it could impact Canada's oil industry
By Dhallo News · August 30, 2026 at 2:58 AM IST
Source: CBC Top Stories
Original reporting: CBC Top Stories
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